CPPIB commits $200 mln to acquire office buildings in India
Canada Pension Plan Investment Board (CPPIB) has formed a strategic alliance to acquire office properties in major urban regions in India. CPPIB will commit an initial US$200 million to a partnership with Shapoorji Pallonji, a Mumbai-based construction, real estate, and infrastructure firm. The real estate venture, 80% of which will be owned by CPPIB, will target FDI-compliant assets, with scope for value-add returns from active asset management.
29 November 2013•4 mins read
